Overview In May 2023 United States' Essential Oils exports accounted up to $76.5M and imports accounted up to $93.8M, resulting in a negative trade balance of $17.3M. Between May 2022 and May 2023 the exports of United States' Essential Oils have increased by $12.9M (20.2%) from $63.6M to $76.5M, while imports decreased by $-12.1M (-11.4%) from $106M to $93.8M.
Destinations In May 2023, Essential Oils were exported mostly to China ($11M), Japan ($7.64M), Ireland ($5.27M), Singapore ($5.03M), and Mexico ($4.56M), and were imported mostly from Brazil ($15.7M), India ($13.6M), Mexico ($10.2M), Italy ($7.6M), and China ($5.95M).
Growth In May 2023, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to Mexico ($1.39M or 34.2%), United Kingdom ($1.02M or 35.9%), and Singapore ($937k or 45.2%). In May 2023, the decrease in Essential Oils's year-by-year imports was explained primarily by a decrease in imports from Bulgaria ($-3.8M or -78.8%), France ($-3.48M or -37.6%), and Oman ($-1.13M or -98.2%).